TD Bank closing nearly 40 branches on June 5: See list of shuttering locations

“This is TD’s number-one priority, and my number one priority,” Chun said during a conference call in October 2024. “Make no mistake, we will meet our commitments to our regulators … we will …
Is TD Bank closing a branch?

TD Bank will close several branches by June 5, affecting locations in multiple states, including New York, Florida, New Jersey, and Pennsylvania. (Image: TD Bank webpage) TD Bank is planning to close nearly 40 branches across the United States — but if you’re a customer, there’s no need to panic.

How many TD Bank stores are closed this summer?

TD Bank is closing nearly 40 locations this summer after evaluating its existing stores. The Cherry Hill, New Jersey-headquartered national bank confirmed to USA TODAY that after a recent analysis, it “made the difficult decision to close 38 locations on June 5.”

What states does TD Bank close branches in?

TD Bank‘s decision to close branches affects locations in nearly a dozen states, including Connecticut, the District of Columbia, Florida, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, South Carolina, and Virginia.

Why is TD Bank shuttering a number of local branches?

Still reeling from money-laundering scandal and payout imposed by the DOJ, the financial services company is looking to shutter a number of local branches. TD Bank is planning to close at least 37 branches across 10 states and Washington, D.C., as part of a broader effort to streamline operations and adapt to changing customer banking habits.

What did TD Bank CEO Ray Chun say?

New TD Bank CEO Ray Chun, at the time, said the financial institution would “make the necessary changes to put the bank on a stronger foundation.” “This is TD’s number-one priority, and my number one priority,” Chun said during a conference call in October 2024.